On October 26th, Coinbase CEO Brian Armstrong expressed support for Ripple in Ripple’s struggle with the US SEC. In a series of recent tweets, Armstrong wrote that the company’s situation appears to be “better than expected.”
He also emphasized that attacking the crypto industry and hurting investors is “politically unwelcome.” Armstrong then quoted Ripple’s frequently repeated view that the US SEC is harming rather than protecting consumers: “The irony is that the person they should protect is precisely the person they attack.” These statements of his are inevitable. It has reignited rumors that Coinbase may relist XRP.